Buy Gold Dubai

Posted By Ziga Breznik, Last updated: March 12, 2020

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buying gold bullion online in dubai UAE

If you are looking to buy gold in Dubai, here is where you will find everything you need to know about purchasing gold VAT or TAX free in Dubai.

Investors everywhere are looking to buy gold in Dubai (AKA the “City Of Gold”) because of its tax beneficial jurisdiction (for diamonds and gold purchased in Dubai there is no VAT or tax).  Since the 19th century, Dubai has been one of the biggest trading ports with its strategic position, close to India and SAR (South African Republic). Add the tax beneficial market and the volume of trade, it quickly became known as the “City of Gold”. Today, diamond jewelry trade is ranked #4 in the world and one of the largest re-exporters of gold in the whole world.

Purchasing gold in Dubai is pretty straightforward and safe, due to the strict regulations enforced by the Dubai Central Laboratories Department (DCLM). There is a special certification scheme in place called “Bareeq”, ensuring only the highest standards and purity of their gold products.

When purchasing gold bullion, make sure you only buy it from reputable online dealers, as that may save you a lot of headaches.

Buying Gold Online in Dubai

The tax-free jurisdiction and the low storage costs, make buying gold online in Dubai the preferred option for investors. To get the best prices on gold bullion, visit Bullion Vault. The process of buying gold and storing it in Dubai’s Almas Towers is straightforward and fully insured.

Here are 5 reasons you should buy gold online in Dubai:

  1. Sales Tax – purchasing gold offline at a local dealer, subjects you to immediate sales tax. When buying gold online in Dubai, there is no tax!
  2. Inflated Prices – Standard brick & mortar gold dealers have higher overhead costs and can’t offer you wholesale prices. Even the best offline dealer won’t be able to compete with online prices.
  3. Convenience and Reviews– When buying gold online you can easily browse offers and compare prices in just a few clicks. The reviews of companies are also available and are just a click or two away. That way you can always stay on top of things. When purchasing offline however, you will find yourself spending a lot of time trying to find the best deals.
  4. Competitiveness – The internet is a global market. That means that international online gold dealers have a lot of competition and have to adjust their prices accordingly. That ensures you the best possible price.
  5. Quality – By purchasing online, you get the highest quality and purity gold with guarantees. Offline on the other hand possesses a much greater risk because it is much harder to check the quality on the spot.

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Gold Prices and Rates in Dubai

The gold prices in Dubai are one of the lowest, thanks to its tax-free status and low storage fees. For the latest gold price in Dubai, it is best to check on Bullion Vault website.

Our Recommendation

For the safest and hassle free experience we would advise you to visit Bullion Vault website. They offer one of the best pricing in the industry and store the purchased gold or other precious metals segregated in one of the safest bullion vaults.

Why should you consider choosing

  • Lets private investors access professional bullion markets at the lowest costs
  • Options for buying, storing and selling gold & silver
  • The world’s largest online investment gold service
  • Taking care of $2 billion for over 75,000 users
  • Low costs for storage, due to their size

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